- Affluent Trading Area
- Accounts To Year End 31st August 2019
- Annual Turnover £257,504
- Gross Profit £89,786
- Accounts Available After Viewing
- 5 star Google reviews
- Demand in place to undertake servicing
- Jobs booked in up to 6 months in advance
- Office run by staff
- Retirement Sale
- Flexible Lease on Showroom
- 25,000 home advertising campaign embarked upon
- Enviable Reputation
- Free Parking
- EPC - E
REF 6662 – Leasehold Fireplace & Stove Business
Blacks Business Brokers are pleased to bring to the market this leasehold fireplace & stove business located in a popular and affluent area of Long Crendon, Aylesbury.
North Mill Stoves Ltd has been trading for a long time. The company moved to a modern showroom on Bicester Road in 2018. Our client set up the business to meet local demand for high quality wood-burning stoves, supply, and installation in this area. The business is well known and has a good reputation with a large client base of regular customers. This customer base has been built solidly over the last decade and much trade has been generated by word of mouth recommendations, along with our client’s comprehensive website and advertisements in magazines. There was also an advertisement campaign started in September which targeted 25,000 homes in the vicinity. A number of superb reviews are noted on Google and yell.com. It is worth noting there is a large demand for servicing, however the business does not have the manpower to undertake this currently due to having a full diary booked up a minimum of 3 months in advance. The business is privileged to stock such prestigious brands as Contura Stoves.
The business is positioned within a small industrial estate close to the M40 between Oxford and Aylesbury. This area is close to North Wessex and The Cotswolds. The area is well linked by the A418 with good public transport links and parking is available immediately outside. Neighbouring businesses offer a very good chance of increased footfall as they include a conservatory, joinery, bakery and MOT garage to name a few.
REASON FOR SALE
The business is ideally suited to a hands-on owner-operator and is being offered for sale due to our client’s retirement. The business presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The company’s new showroom is on a competitive rent on a flexible Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is a rolling monthly lease running at a cost of £150 per week. This includes 24/7 access to the secure industrial estate which has electronic gates.
The business is currently operating with our client as the chief installer, with the assistance of 2 HETAS contractors, and 2 part time office staff handling general reception and secretarial duties, including overseeing the showroom, as well as invoicing.
North Mill Stoves Ltd has traded well during the last ten years. Accounts for year ending 2019 show annual turnover of £257,504 and gross profit of £89,786. Full financial details are available upon viewing.
This leasehold business occupies a superb trading position close to a busy main road. Our client has built a strong base of high value customers and ensured the business has a reputation which is second to none. There is plenty of scope to develop the business further with the introduction of renewable energy source products such as heat pumps, solar water heating, biofuel and gas stoves. A strong marketing drive to secure more commercial customers could also be beneficial. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.
BUILDING LAYOUT AND DESIGN
North Mill Stoves Ltd operates from a single storey barn style building with lawned area to the front. Inside, the main showroom is very well presented with wood burning stoves from various manufacturers on display and wooden flooring fitted throughout. The showroom is light and airy with modern lighting and décor. To the side is a staff kitchen area and there are also male and female toilets. All areas are presented nicely with good quality fixtures and fittings in place.
Showroom Opening HoursMON - FRI: 11:00 - 15:00SAT: 11:00 - 13:00
£150 Per Week. Weekly Rent:
£150 Per Week.